Currencies

US housing market to remain stuck in a rut as high rates choke demand

BENGALURU -The United States' sluggish housing market will remain weak through next year as high mortgage rates stifle demand with only a modest rebound expected in 2027, a Reuters survey of...

US retail sales increase strongly; softening labor market a headwind

U.S. retail sales increased more than expected in August as consumers bought a range of goods and dined out, but a weakening labor market and rising prices because of tariffs pose a downside risk to...

Canada's annual inflation rises less than expected in August

Canada's annual inflation rate rose 1.9% in August as gasoline prices on a yearly basis fell at a slower pace than in the previous month and food prices were up slightly, data showed on Tuesday. ...

German home prices set for steady recovery over next two years, affordability to worsen

BENGALURU -German home prices will rise 3% in 2025, after a two-year decline, and grow slightly faster through 2027, according to a Reuters poll of property experts who said affordability would...

EU falling behind on growth, reforms even more urgent, says Draghi

BRUSSELS -The European Union is falling further behind global rivals on growth and governments are failing to grasp the urgency to act, former European Central Bank president and Italian prime...

Rupee posts best day in a month as investors gear up for Fed outcome

The Indian rupee rose on Wednesday, supported by a weaker dollar ahead of an expected U.S. Federal Reserve rate cut and upbeat sentiment from trade talks with Washington. The rupee rose...

Trump economic adviser Miran gets Senate nod to join Fed board

The U.S. Senate on Monday narrowly confirmed Stephen Miran to the Federal Reserve's Board of Governors, expanding President Donald Trump's influence over the world's most important central bank and...

Trading Day: Tech momentum accelerates as Fed looms

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. and world stocks roared to new...

Exclusive-Former Fed Bullard, after meeting Treasury chief, flags conditions to be Fed chair

James Bullard, the former president of the Federal Reserve Bank of St. Louis, said Monday he'd spoken last week with Treasury Secretary Scott Bessent about becoming central bank chair, and that he's...

US banks borrow $1.5 billion from Fed's repo facility in sign of mild funding pressure

U.S. banks borrowed $1.5 billion from the Federal Reserve's Standing Repo Facility on Monday, the deadline for quarterly corporate tax payments and Treasury debt settlements, Fed data showed,...

Russia's Putin says measures to reduce inflation are working, but growth needs work

MOSCOW -Russian President Vladimir Putin told a government meeting on Monday that measures to reduce inflation were working, but questioned whether more needed to be done to boost growth. ...

Natura to sell Avon CARD, exploring options for Avon International

SAO PAULO -Brazil's cosmetic marker Natura has entered into a binding agreement to sell Avon CARD, the company said in a securities filing on Monday, adding it continues to explore strategic...

Rising rates dent appetite for India corporate bonds, fund managers say

MUMBAI -Indian mutual funds may see limited near-term interest in corporate bonds schemes after recording their first outflows of this financial year in August, as rising yields prompted profit...

Sterling firms heading into busy week of central bank decisions

Sterling gained against the dollar and the euro on Monday as investors braced for a week of pivotal central bank decisions in which the U.S. Federal Reserve is expected to cut interest rates and the...

Canadian home sales rise for fifth straight month in August

TORONTO -Canadian home sales rose for a fifth straight month in August as increased activity in the regions of Montreal, Greater Vancouver and Ottawa offset a decline in the Greater Toronto Area,...

India's central bank steps up NDF activity to counter tariff impact on flows, bankers say

MUMBAI -The Reserve Bank of India has stepped up its presence in the offshore non-deliverable forward market to support the rupee, which has come under pressure from shifting demand-supply dynamics,...

DAX Investors Cautious Ahead of Fed Week - Rheinmetall in Demand

Boosted by Rheinmetall, the DAX started the new week with modest gains. Germany's leading index rose by 0.3 percent to 23,773 points at the start of trading on Monday. The DAX continues to lag behind...

Russia warns Europe: we will go after any state which takes our assets

Russia on Monday warned it would go after any European state that sought to take its assets after reports that the European Union is looking for new ways to leverage hundreds of billions of dollars of...

India stock benchmarks open flat ahead of Fed meeting

India's equity benchmarks are off to a muted start on Monday, in line with other Asian peers, as investors awaited this week's U.S. Federal Reserve meeting, where policymakers are widely expected to...